Jim Shepard
Additional Rental Revenue Streams
All,About 2 years ago I started taking what I call the "Cafeteria" approach to my rentals. I was trying to come up with additional revenue streams to increase my potential profit on a unit. A few examples of this wo...
Account Closed
Approved Tenant requires Owner's SSN/Taxpayer ID for 'Reporting' purposes
does the approved tenant (for one of the 2 units in a legal duplex) have legal grounds to be demanding the owner's (landlord's) taxpayer id? tenant explanation is that intends to file a 1099 for each year she is owner...
Jack B.
How to visit tenants for inspection without notice?
Can't find unauthorized tenants, pets, drug labs, etc. when I have to give 48 hours notice.
Charles Schmidt
Under contract on my first flip! Need advice on getting tenants out
Last week I got a house under contract, and the scheduled closing date is Nov. 20. The numbers look good and the house needs pretty minimal work, so I'm feeling pretty good about the deal in general, but the house is ...
Donald S.
Real Consequences of breaking lease?
Hi all, I'll be closing my first rental soon and wanted some clarification. If a tenant moves out, with or without notification, prior to their lease being over what consequences do they really face? What can I do to ...
Pat Cruz
Loftium (landlord contract)?
Hello, Hope everyone stay safe & strong amidst Covid-19 and uncertainty ahead! Want to check if there is any investor/ landlord in the same boat as me. I have a rental contract with Loftium (https://loftium.com). ...
Jeremy Fields
Signing new lease before notifying current tenant
I have a tenant in one unit of my duplex who I inherited with the purchase and I need him out. Currently he's 4 months away from the lease expiration, but need to sign up a new tenant NOW because it's a college town a...
Jhordan Tutop
Tenant wants to break lease
We have a tenant who signed a one year lease, which will be up in November 2019. The tenant is asking to break the lease due to the inability to continue paying rent. What is an appropriate termination fee that we sho...
Lesley Resnick
Idea for a new mortgage type....would this even work?
My BP friends I hope you can help me with this idea. I have not seen any lenders doing this and I am wondering why?I would like a loan that adjust the principal every month and loaned me the difference between my cur...
Caleb VanTimmeren
Inherited Tenant Under Market Rent
Hello BP, Me and my partner are under contract on a 16 unit apartment building that is a major value-add investment. All 16 units are currently rented, 14 of the tenants are month to month on their leases. All the t...